Lincoln (Neb.) Police & Fire Pension Fund hired Watershed Investment Consultants as investment consultant, pending City Council approval, confirmed Paul Lutomski, pension officer.
The $195 million pension fund originally issued an RFP in October 2012. Incumbent consultant Smith Hayes Advisers was a finalist, along with Asset Consulting Group, NEPC and R.V. Kuhns & Associates.
Mr. Lutomski did not know when the City Council is likely to vote to approve the hire, and contract details have yet to be finalized.
